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Oct 4, 2012
10/12
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the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better situation, testing its viability in the financial market. the dax going up and down as a result. factoring in economic news from the united states, which was also mixed. some good, some bacteria and waiting for spain to make a decision on whether it would take help from the european bailout fund. it hopes to get an explanation, perhaps, from mario draghi, the president of the ecb after the central bank will have met. >> let's take a closer look at some of the market members. teh dax close the day almost a quarter percent up. the euro stoxx 50 close to just a tad down at 2492
the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better...
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Oct 2, 2012
10/12
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KCSM
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. -- socially-just market economy. for some, he represents welfare cuts that were pushed through in the previous government. >> i'm not jumping for joy. the fact of the matter is, he is what we've got. >> he is a good candidate to meet chancellor merkel. we need a sound program, a united party, and a candidate who can champion that program. that will improve our appeal to voters. >> the party's ste left wing party's stinb -- the party boss left wing is behind -- the party's left wing is behind steinbruck. >> our correspondent has been following this note. tell us more about -- this vote. tell us more about steinbruck and merkel. how do they actually differ? >> not very much. from 2005 to 2009, peer steinbruck was merkel's finance minister. he was initially opposed to a stimulus package. he later changed his mind. that is because he is a pragmatist, like angela merkel. during that time that they work together, he shaped, in a very important way -- they worked together, he shaved, in a very important way, per economic th
. -- socially-just market economy. for some, he represents welfare cuts that were pushed through in the previous government. >> i'm not jumping for joy. the fact of the matter is, he is what we've got. >> he is a good candidate to meet chancellor merkel. we need a sound program, a united party, and a candidate who can champion that program. that will improve our appeal to voters. >> the party's ste left wing party's stinb -- the party boss left wing is behind -- the party's...
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Oct 3, 2012
10/12
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KCSM
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the bio economy association consists of 80 industry leaders. they players -- big players like chemical producers, to them, the association is an investment in the future. >> the future of the industry is green. everyone talks about sustainability. we walk the walk and frankly we have no other choice. the oil wells will not float forever. >> oil refineries still loom larger, but the winds are changing. >> not to an update from somalia where african union and somali troops have consolidated their grip on a city there. >> the southern port was the last urban stronghold of the islamist militia which made what it called a tactical retreat over the weekend. the al qaeda-linked militants were driven out of the capital last year and continue to control parts of southern somalia. finally, the world's biggest brief is in even worse shape than thought. a new study shows of st.'s great barrier week -- great barrier reef has lost over half its coral in just a single generation. >> this trillion institution of marine science says the pace of damages kicking
the bio economy association consists of 80 industry leaders. they players -- big players like chemical producers, to them, the association is an investment in the future. >> the future of the industry is green. everyone talks about sustainability. we walk the walk and frankly we have no other choice. the oil wells will not float forever. >> oil refineries still loom larger, but the winds are changing. >> not to an update from somalia where african union and somali troops have...
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Sep 26, 2012
09/12
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KCSM
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it will impose new and very strict terms on national economies for budgetary restraint, but can it be enforced? that is the question merkel faces today. >> peter, thanks. german consumer confidence looks set to remain stable next month, despite concerns that an economic slowdown has begun. >> market research company gfk says germans are as willing to spend money in october as they had been answered timber, but they are more pessimistic about their income in the future, fearing it could drop considerably -- germans are as willing to spend money in october as they had been in september. let's take a look at tuesday's market action. things are actually pretty good on the markets. let's kick off in frankfurt where the gap had finished up -- not by a whole lot, but still green on the screen -- where the dax had finished up. across the atlantic, the dow down by 0.5% at this hour, and on currency markets, the year of trading a little bit lower against the greenback, $1.2910. austrian skydiver -- an austrian skydiver is preparing for a historic feat. in two weeks, he aims to be the first pers
it will impose new and very strict terms on national economies for budgetary restraint, but can it be enforced? that is the question merkel faces today. >> peter, thanks. german consumer confidence looks set to remain stable next month, despite concerns that an economic slowdown has begun. >> market research company gfk says germans are as willing to spend money in october as they had been answered timber, but they are more pessimistic about their income in the future, fearing it...
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Sep 29, 2012
09/12
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KCSM
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france's economy is in a precarious position. second quarter gdp was stagnant, and unemployment has just talked 3 million -- topped 3 million. the government is aiming to make good on election promises while making sure austerity does not hit france into recession -- tip france into recession. >> spanish banks will need 59 billion euros to get back on their feet according to a new report commissioned by the spanish government. >> that will help take pressure off the prime minister, who is seeking to avoid a bailout. spain says they will ask for around 40 billion euros of the total sum, while the rest may be able to be raised by the banks themselves. the european commission welcomed the results. >> let's take a look at markets. european shares were on a bit of a roller coaster ride this friday. after moving higher in early trading, that ultimately finished the week on a down note. our correspondent sent us this summary from frankfurt. >> spain remains in the focus of international investors, also here on the frankfurt floor where
france's economy is in a precarious position. second quarter gdp was stagnant, and unemployment has just talked 3 million -- topped 3 million. the government is aiming to make good on election promises while making sure austerity does not hit france into recession -- tip france into recession. >> spanish banks will need 59 billion euros to get back on their feet according to a new report commissioned by the spanish government. >> that will help take pressure off the prime minister,...
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Oct 4, 2012
10/12
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KCSMMHZ
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still, though the economy is in recession, perhaps rate cut are still a possibility in the eurozone. nonetheless, the situation irritated the markets. the stock market was not able to do much. it did strengthen the euro. that really went up, probably not least because of the statement also by mario draghi that the ecb would be ready today to start its bond buying program -- if spain does request help from the esm and fulfills the conditions. >> let's take a closer look at the numbers. the dax ended the day 1/4 of 1% down. euro stoxx 50 slowed about the same amount. across the land to, the dow jones is currently going up -- across the atlantic, the dow jones is currently going up. >> italy is sitting on an even bigger mess -- mountain of debt than previously thought. officials have revised the tally upwards to 120.7% of gdp for last year. >> next year, the government expects it to increase even more to over 126%, more than double the debt limit allowed under the eu stability and growth pact. italy continues to struggle under the weight of recession. that has also pulled down its econo
still, though the economy is in recession, perhaps rate cut are still a possibility in the eurozone. nonetheless, the situation irritated the markets. the stock market was not able to do much. it did strengthen the euro. that really went up, probably not least because of the statement also by mario draghi that the ecb would be ready today to start its bond buying program -- if spain does request help from the esm and fulfills the conditions. >> let's take a closer look at the numbers. the...
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Sep 30, 2012
09/12
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WJLA
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economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would be positive for the u.s. economy. i wish we could get there. >> i couldn't agree more. is infuruating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there is no agreement because they are losing federal dollars of the federal programs that are going away. we will see more unemployment. the defense companies will have to notify workers in the next couple of weeks. how important is this? >> it is a tempory drag in t the economy. i honestly think of l of the things that will not happen is the chance of getting both unds of spending cuts, including the massive defense cuts is slight. i think it will
economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would be positive for the u.s. economy. i wish we could get there. >> i couldn't agree more. is infuruating. let's talk about...
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Sep 30, 2012
09/12
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CNBC
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that's deadly for the economy. getting past that, a plan to bring the deficit down gradually, knowing what taxes are going to be over the next decade would be tremendously positive for the u.s. economy. i wish we'd get there sooner rather than later. >> i cannot agree more. it is infuriating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there's no agreement. you know, because they are losing those federal dollars of those federal programs that are going away, we're going to see more unemployment. the defense company will have to notify workers in the next couple of weeks. how important is this? >> well, it is a temporary drag on the economy. i honestly think of all the things that will not happen, starting january 1st, that the chances that we're going to get both rounds of spending cuts agree to last august, including massive defense cuts, i think is pretty slight. i think it will be rectified the next few months. it's terrible we have to put these businesse
that's deadly for the economy. getting past that, a plan to bring the deficit down gradually, knowing what taxes are going to be over the next decade would be tremendously positive for the u.s. economy. i wish we'd get there sooner rather than later. >> i cannot agree more. it is infuriating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there's no agreement. you know, because they are losing those federal dollars of those federal...
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Sep 28, 2012
09/12
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CSPAN
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he talked about the economy. what he has going for him is the record of balancing the budget and having a budget surplus. that was a moment in time when bill clinton was overseeing this great country when we were in the dot.com boom. it was a new era. were very vibrant. he oversaw a balanced budget and a budget surplus, giving him that kind of credibility in terms of economics. i was talking to bill clinton about the fiscal cliff. i said straight out to him -- what do you think about the fiscal cliff? first he entered something political. "does that mean the tax cut should be extended?" he was backed into a corner. he said everything should be extended. we ran that interview. an e-mail said he had to retract something that he said. "what are you retracing?" "the tax cuts should be extended for people making under $250,000 ." the obama people call the clinton people and said you need to go out and take that statement backed . it was a pretty big brouhaha. bill clinton things everything should be extended. , i dide
he talked about the economy. what he has going for him is the record of balancing the budget and having a budget surplus. that was a moment in time when bill clinton was overseeing this great country when we were in the dot.com boom. it was a new era. were very vibrant. he oversaw a balanced budget and a budget surplus, giving him that kind of credibility in terms of economics. i was talking to bill clinton about the fiscal cliff. i said straight out to him -- what do you think about the fiscal...
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Sep 30, 2012
09/12
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CSPAN
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they have crashed the economy. not only ripped off mortgagees but taxpayers and homeowners and pensioneers and so on whose values and wealth has been severely cut by this crisis, and we are poised on potentially the development of another crisis. this can be fixed. our green new deal would fix t. as would the financial reforms, including a small tax on transportation, as well as a return -- the glas stegall act, requiring that bankers have loans that can be paid back, instead of trying to target people who are going to fail to pay those loans. host: dr. jill stein, joining us from boston, the green party nominee, thank you for joining us on c-span. guest: it's been great to be with you, thank you very much. hess hess -- host: it is sunday, september 30th and we'll continue the conversation with virgin -- virgil good from richmond, virginia. are third parties still relevant. donald green is the author of "third party matters". he'll be joining us in the next hour. the "washington journal" continues for this sunday m
they have crashed the economy. not only ripped off mortgagees but taxpayers and homeowners and pensioneers and so on whose values and wealth has been severely cut by this crisis, and we are poised on potentially the development of another crisis. this can be fixed. our green new deal would fix t. as would the financial reforms, including a small tax on transportation, as well as a return -- the glas stegall act, requiring that bankers have loans that can be paid back, instead of trying to...
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Oct 1, 2012
10/12
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and romney adds another tax cut with a total cost to the economy of $1.70 trillion. it is $250,000 a year in additional tax cuts for those same 120,000 families and anybody making more than $1 million. >> all these promises were made on the idea of hope and change and it sounded pretty good to people. but when the rhetoric went aside and the time to act occurred, the ideas are the old idea that a failed time and again. borrowing and spending and regulating and taxing and printing money, all these things do not lead to prosperity and. all these policies say take power from people, many from families and a successful small businesses and job creators, ascended to washington and then they decide. that does not work. host: that's a taste of the vice-presidential nominees over the weekend. they will go head-to-head on october 11 in their only official the bait. let's stick to your calls. will the vice-presidential candidates impact your vote? in harvey, louisiana, our first caller. caller: good morning. obama and biden are cutting the military and they don't even say much
and romney adds another tax cut with a total cost to the economy of $1.70 trillion. it is $250,000 a year in additional tax cuts for those same 120,000 families and anybody making more than $1 million. >> all these promises were made on the idea of hope and change and it sounded pretty good to people. but when the rhetoric went aside and the time to act occurred, the ideas are the old idea that a failed time and again. borrowing and spending and regulating and taxing and printing money,...